#mortgage-interest

[ follow ]
fromIrish Independent
6 days ago

The dos and don'ts of overpaying your mortgage

As the name suggests, overpaying your mortgage is when you pay more than your contracted or agreed monthly payments. Why do this? Well, it's not just about getting the entire thing paid off quicker; it's also about reducing the overall interest you're due to pay. "Most mortgages are on an annuity basis, so you're paying capital and interest," says Hennessy. "Every month, the interest hits the capital balance that's outstanding on your mortgage, and it calculates in that mortgage repayment how much is interest.
Real estate
Real estate
fromSFGATE
2 months ago

When Co-Owning a Home, Know These 5 Things About Tax Season

Co-owners can claim mortgage interest and property tax deductions based on actual payments, not solely on legal ownership, with thorough records and CPA guidance.
[ Load more ]